How to Start a Penny Stock Forum
Starting a penny stock forum or discussion group presents you as an expert on penny stocks. It enhances your credibility in the marketplace. It can also be profitable. Companies like Google and Yahoo pay for advertisements inserted into forums.
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Instructions
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Choose the name of your penny stock forum wisely. The name of your penny stock forum determines who will sign up and use it. Targeted forums attract more users than general forums. Forums targeted at penny stock-picking tactics or technical aspects of penny stocks will outperform non-targeted penny stock forums. Let the name of your forum show what area of penny stocks you're targeting.
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Use hosted services for your penny stock forum. This is best if you don't know much about computers or server management. Websites including Yahoo! host robust forums on many topics, including penny stocks. The drawback is, you don't have options on the design of your forum. Log into your Yahoo! account, go to Yahoo! Groups, click "Start Your Group," and type the name and a brief description of your forum or discussion group. Click "OK" to set it up. See Resources below for additional information.
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Host your penny stock forum. Use free forum software such as PhpBB and create a forum website. This is ideal if you can install software and know server management. You can also find a web host that will install it free as part of the hosting package. Hosting your penny stock forum allows you to control every aspect of the forum from the design, color, topics and moderation to spam posting. See Resources below for additional information.
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Promote your penny stock forum. Invite friends, family and co-workers to read and post information in your new forum. This will help it grow quickly. Post in related forums and include a signature promoting your new forum in all of your posts. Add information about popular penny stock forums to your website and get the forum owners or moderators to reciprocate. This boosts the credibility of your penny stock forum.
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Be patient. Penny stock forums, like most websites, take time to develop. Prepare to post daily for 6 months or more before you see significant activities from others. Have your friends, family and co-workers reply to posts so there are no posts without replies. This creates the impression of activities in your forum. Visitors won't post to your forum if they don't believe people will read their posts.
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Tips & Warnings
Hosting your forum is better because you control the placement of advertisements in your penny stocks forum. For Search Engine Optimization (SEO) purposes, host your forum in your website if you can. Search engines are better able to index your website, making it easy for visitors to find. The Universal Resource Locator, or URL (www.yourpennystockforum.com) looks more professional and trustworthy than www.yahoo.com/me/pennystocks.html.
